ARB Breaks Long-Term Downtrend; Key Support at $0.38 May Open Path to $0.90 and $1.20
Main Idea
ARB has broken its long-term downtrend after forming a double-bottom pattern near $0.26, signaling a potential trend reversal with possible price targets of $0.90 and $1.20 if key support at $0.38 holds.
Key Points
1. ARB broke its long-term downtrend after forming a double-bottom pattern near $0.26, confirmed by increased volume.
2. Key support levels are $0.38 (crucial for upward momentum) and $0.26 (next major support if $0.38 is breached).
3. Potential price targets are $0.90 and $1.20 if ARB maintains support above $0.38.
4. The breakout was accompanied by increased volume, with ARB trading at $0.4612 and showing a 24.22% rise from its recent low.
5. Immediate resistance lies at $0.4787, with intraday high at $0.4860 and support at $0.4511.
Description
ARB has broken its long-term downtrend after forming a double-bottom pattern near $0.26, signaling a potential trend reversal. If it maintains support at $0.38, targets of $0.90 and $1.20 are
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